Thursday, July 27, 2023
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handhold the industry who wants to set up industry in the state.”
Mr Arun Baroka, Secretary (Chemicals & Petrochemicals), Department of Chemicals & Petrochemicals, Govt of India said that supported by the policy reforms along with increasing demand and innovation, India’s outlook remains strong to be a global manufacturing hub. “Changing industry landscape is driving the Indian chemical and Petrochemicals industry towards the next wave of growth with newer opportunities,” he added.
Mr Subhrakant Panda, President, FICCI said, “Indian chemicals sector is highly diversified with 80,000 products which have an interplay with multiple sectors being key building blocks and raw materials. It has grown at more than 1.2x of GDP, and holds immense potential for employment as well as exports, driven by domestic consumption and enabling policies of government. India is an attractive destination for the chemicals sector and is expected to be a $1 trillion business by 2040 having a key impact on the economy overall.”
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